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2016-10-17 14:00:04

MRO

Marathon Oil

$14.08

-0.5 (-3.43%)

14:00

10/17/16

10/17

14:00

10/17/16

14:00

Marathon Oil with high put volume as shares slump

Marathon Oil with high put volume as shares slump. The stock is down 50c to $14.08 after Barclays downgraded shares and the top options trade is an Oct 15 - Nov 14 put spread at 2c, 6000X. The investor is buying to open Nov 14 puts for 87c and likely closing a position in Oct 15 puts at 89c, as open interest in the Oct 15s is 14K and trade history shows the bulk were opened last month, including 5K for 38c on 9/8. The spread, which has traded 12K total, is rolling the bearish position in those Oct 15 puts out one month and down 1 strike. 3.6K Apr 12 puts also traded. Total volume is 30K puts and 8.8K calls. Earnings 11/2.

03

Nov

MROMarathon Oil

$14.08

-0.5 (-3.43%)

09/12/16

FBCO

09/12/16DOWNGRADETarget $19FBCONeutral

Marathon Oil downgraded to Neutral from Outperform at Credit Suisse

Credit Suisse analyst Edward Westlake downgraded Marathon Oil to Neutral saying the company has down an excellent job increasing the resource base, lowering well costs, and said the STACK continues to get better, but continues to see more momentum in the purer play Permian names. Westlake maintained his $19 price target on Marathon shares.

09/12/16

09/12/16DOWNGRADE

On The Fly: Top five analyst downgrades

Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Reynolds American (RAI) downgraded to Neutral from Buy at Goldman with analyst Judy Hong citing valuation and fading earnings momentum. 2. TrueCar (TRUE) downgraded to Underweight from Equal Weight at Morgan Stanley with analysts led by Brian Nowak citing valuation. 3. Marathon Oil (MRO) downgraded to Neutral from Outperform at Credit Suisse analyst Edward Westlake saying the company has down an excellent job increasing the resource base, lowering well costs, and said the STACK continues to get better, but continues to see more momentum in the purer play Permian names. 4. Whirlpool (WHR) downgraded to Hold from Buy at Gabelli with analyst Alvaro Lacayo saying the substantial rise of steel prices will likely negatively impact North American margins in the short-term. 5. Verifone (PAY) downgraded to In-Line from Outperform at Imperial Capital with analyst Saliq Khan citing a lack of EMV adoption and the challenging macro environment. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

09/30/16

ADAM

09/30/16INITIATIONTarget $16ADAMHold

Marathon Oil initiated with a Hold at Canaccord

Canaccord analyst Stephen Berman initiated Marathon Oil with a Hold and a $16 price target due to unhedged exposure to oil and gas prices.

10/17/16

LEHM

10/17/16DOWNGRADETarget $17LEHMEqual Weight

Marathon Oil downgraded to Equal Weight from Overweight at Barclays

Barclays analyst Thomas Driscoll downgraded Marathon Oil to Equal Weight in a research note previewing Q3 earnings for the Exploration & Production space. The analyst believes a "growth shortfall" relative to peers could lead to the shares underperforming. Driscoll lowered his price target for the shares to $17 from $18.